Dividend Discount Models Snapshot
| Model | Range | Selected |
|---|---|---|
| Stable Growth DDM | $133.25 - $243.43 | $178.02 |
| Multi-Stage DDM | $100.63 - $110.15 | $105.30 |
| Blended Fair Value | $141.66 | |
| Stock Price | $259.51 | |
Dividend History (Last 10 Years)
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 1.028 | 0.989 | 0.950 | 0.909 | 0.858 | 0.803 | 0.759 | 0.686 | 0.608 | 0.552 |
| YoY % | 3.95% | 4.05% | 4.53% | 5.97% | 6.78% | 5.80% | 10.75% | 12.79% | 10.07% | 10.69% |
| Yield | 0.40% | 0.38% | 0.37% | 0.35% | 0.33% | 0.31% | 0.29% | 0.26% | 0.23% | 0.21% |
| CAGR | Value |
|---|---|
| 5 Year | 5.05% |
| 10 Year | 7.49% |
Discounted Dividend Model - Stable Growth
| Metric | Range | Selected |
|---|---|---|
| LT Growth | 3.56% to 5.56% | 4.56% |
| WACC | 9.00% | 9.00% |
| Fair Value | $133.25 - $243.43 | $178.02 |
Calculation Details (Millions)
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (*) Adjusted Net Income | 112,010.00 | 112,010.00 | 112,010.00 |
| (=) Cash Required | 22,402.00 | 14,001.25 | 8,400.75 |
| (=) Excess Retained per Share | 5.97 | 6.53 | 6.91 |
| LTM Dividend per Share | 1.028 | 1.028 | 1.028 |
| (=) Adjusted Dividend | 7.000 | 7.560 | 7.933 |
Multi-Stage Projections (BASE Case - Millions)
| Metric | TTM | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
|---|---|---|---|---|---|---|
| Net Income | 112,010.00 | 117,117.64 | 122,458.18 | 128,042.25 | 133,880.96 | 139,985.90 |
| Projected Dividends | 15,421.00 | 29,279.41 | 50,207.85 | 72,984.08 | 97,733.10 | 125,987.31 |
Multi-Stage Valuation (Millions)
| Present Values | LOW | BASE | HIGH |
|---|---|---|---|
| Year 1 PV | 27,776.37 | 28,044.59 | 28,312.80 |
| Year 2 PV | 43,279.76 | 44,119.63 | 44,967.58 |
| Year 3 PV | 57,166.46 | 58,838.54 | 60,542.92 |
| Year 4 PV | 69,559.23 | 72,285.12 | 75,090.35 |
| Year 5 PV | 81,477.91 | 85,488.48 | 89,655.43 |
| TV PV | 1,230,657.40 | 1,291,233.65 | 1,354,172.13 |
| Equity Value | 1,509,917.14 | 1,580,010.01 | 1,652,741.22 |
| Fair Value | $100.63 | $105.30 | $110.15 |
Top Dividend Stocks
| Ticker | Company Name | Yield % | DPS | Payout % |
|---|---|---|---|---|
| 301133.SZ | 301133.SZ | 0.32% | $0.12 | 28.93% |
| 600276.SS | 600276.SS | 0.32% | $0.19 | 17.06% |
| 601100.SS | 601100.SS | 0.32% | $0.35 | 16.93% |
| 603816.SS | 603816.SS | 0.32% | $0.10 | 4.97% |
| 605179.SS | 605179.SS | 0.32% | $0.07 | 70.82% |
| 688131.SS | 688131.SS | 0.32% | $0.23 | 16.47% |
| DIM.PA | DIM.PA | 0.32% | $0.68 | 29.80% |
| DNA3.L | DNA3.L | 0.32% | $0.21 | 48.62% |
| MODIS.BO | MODIS.BO | 0.32% | $1.08 | 7.55% |
| NPOF.ME | NPOF.ME | 0.32% | $37.65 | 1.90% |
| 000682.SZ | 000682.SZ | 0.31% | $0.04 | 6.56% |
| 000756.SZ | 000756.SZ | 0.31% | $0.05 | 8.60% |
| 002041.SZ | 002041.SZ | 0.31% | $0.03 | 50.69% |
| 002049.SZ | 002049.SZ | 0.31% | $0.24 | 14.22% |
| 002427.SZ | 002427.SZ | 0.31% | $0.02 | 74.63% |
| 002708.SZ | 002708.SZ | 0.31% | $0.04 | 31.28% |
| 003230.KS | 003230.KS | 0.31% | $4,000.07 | 8.06% |
| 300640.SZ | 300640.SZ | 0.31% | $0.02 | 62.64% |
| 300870.SZ | 300870.SZ | 0.31% | $0.68 | 21.73% |
| 301027.SZ | 301027.SZ | 0.31% | $0.06 | 43.40% |
| 301129.SZ | 301129.SZ | 0.31% | $0.07 | 14.61% |
| 301199.SZ | 301199.SZ | 0.31% | $0.07 | 11.34% |
| 4390.T | 4390.T | 0.31% | $9.42 | 3.92% |
| 600272.SS | 600272.SS | 0.31% | $0.04 | 82.76% |
| 600391.SS | 600391.SS | 0.31% | $0.12 | 85.76% |
| 600678.SS | 600678.SS | 0.31% | $0.04 | 77.10% |
| 600720.SS | 600720.SS | 0.31% | $0.02 | 3.42% |
| 600829.SS | 600829.SS | 0.31% | $0.03 | 16.50% |
| 600882.SS | 600882.SS | 0.31% | $0.08 | 15.81% |
| 603390.SS | 603390.SS | 0.31% | $0.04 | 22.22% |
| 603969.SS | 603969.SS | 0.31% | $0.03 | 7.78% |
| 6825.TWO | 6825.TWO | 0.31% | $0.12 | 3.23% |
| 688025.SS | 688025.SS | 0.31% | $0.44 | 17.67% |
| 688103.SS | 688103.SS | 0.31% | $0.19 | 28.96% |
| 688686.SS | 688686.SS | 0.31% | $0.38 | 25.01% |
| ELMN.SW | ELMN.SW | 0.31% | $4.00 | 5.25% |
| VWSB.DE | VWSB.DE | 0.31% | $0.07 | 7.90% |
| XPD.L | XPD.L | 0.31% | $0.14 | 34.38% |
| 000935.SZ | 000935.SZ | 0.30% | $0.08 | 15.90% |
| 002067.SZ | 002067.SZ | 0.30% | $0.02 | 38.84% |
| 002295.SZ | 002295.SZ | 0.30% | $0.04 | 81.43% |
| 002475.SZ | 002475.SZ | 0.30% | $0.17 | 8.08% |
| 002495.SZ | 002495.SZ | 0.30% | $0.01 | 36.82% |
| 002666.SZ | 002666.SZ | 0.30% | $0.02 | 18.17% |
| 062040.KS | 062040.KS | 0.30% | $419.94 | 9.60% |
| 065350.KQ | 065350.KQ | 0.30% | $168.80 | 37.86% |
| 084370.KQ | 084370.KQ | 0.30% | $253.06 | 8.90% |
| 0OPN.L | 0OPN.L | 0.30% | $4.02 | 1.39% |
| 180640.KS | 180640.KS | 0.30% | $360.20 | 5.54% |
| 300584.SZ | 300584.SZ | 0.30% | $0.15 | 39.82% |